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Savings

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Growing divide in risk profile hits KiwiSaver returns, MJW survey

24 Apr 17 - InvestmentNewsNZ: Divergent asset allocations have come to the fore again in the KiwiSaver market with Milford Asset Management producing stand-out results – at both ends of the scale, the latest Melville Jessup Weaver (MJW) quarterly investment survey shows.

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Australian banks cut sales targets, NZ expected to follow

24 Apr 17 - Stuff.co.nz: The Australian parents of New Zealand's big four banks are pledging to overhaul the bonus structure paid to their staff.

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Why not change the tax on retirement savings?

21 Apr 17 - Otago University research:  Instead of taxing housing harder, why not change the tax on retirement savings?  This paper provides an analysis of how the New Zealand tax system may be affecting residential property markets. 

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NZ Super Fund performance report for March 2017

21 Apr 17 - The New Zealand Superannuation Fund has released its performance and portfolio report for March 2017.

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Statistics New Zealand private super research released

21 Apr 17 - This article by Statistics New Zealand looks at private superannuation, one of the ways wealth is distributed in New Zealand.

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David Simmers: Less super for the rich?

19 Apr 17 - Stuff.co.nz: OPINION: The current debate about superannuation seems to focus solely on the age of eligibility. This is disappointing; the equally important question of how to limit the amount paid to those who do not need state assistance is largely ignored.

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America has a retirement problem, not a saving problem

19 Apr 17 - The Economist: HOUSE Resolution 67, which Donald Trump signed last week, rolls back a rule that the Labor Department finalised late last year, which would have made it easier for cities and counties to run retirement savings plans for citizens who couldn’t get them through work. 

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A Scary Percentage of Retirees Blow Through Their Workplace Savings When They Take a Lump Sum

17 Apr 17 - Yahoo! Finance: A lump sum payment from a pension or 401(k) may sound appealing, but one in five Americans deplete the money in 5.5 years, a study shows.

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Aussie retirees dip into super

17 Apr 17 - News.com.au: A growing number of retirees are dipping into their super savings to pay off debt or fund holidays.

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Are investors better off when investing with “superstar” fund managers?

13 Apr 17 - Otago University: You may think that when a fund manager wins a performance award, the investment fund they manage would fare even better, but University of Otago Business School accountancy and finance researcher Dr Eric Tan has found this isn’t necessarily the case.

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FMA launches consultation on KiwiSaver fees methodology

12 Apr 17 - The FMA is consulting on how those fees should be calculated and disclosed. Deadline for submissions is 5 May 2017.

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Anglican scheme looks for ethical uplift

10 Apr 17 - InvestmentNewsNZ: The rising demand for socially responsible investment (SRI) options has sparked renewed interest in niche ‘ethical’ funds, according to Anglican Pension Board general manager, Mark Wilcox.

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The mid-50s savings dash

10 Apr 17 - Stuff.co.nz: The mid to late-50s savings sprint is our chosen way to get a retirement nest egg. Survey data released by the Financial Markets Authority on Wednesday revealed confidence of a decent retirement was highest among people who sought retirement savings advice and information ten or more years before retirement.

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ANZ keen to keep KiwiSaver business

10 Apr 17 - Interest.co.nz: When the ANZ Banking Group gets around to "considering" the future of its New Zealand wealth unit, one thing it won't be doing is selling its KiwiSaver business, CEO Shayne Elliott says.

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John Mauldin takes a look at some data on retirement savings

7 Apr 17 - Interest.co.nz: John Mauldin takes a look at some data on retirement savings – or lack thereof. “The trouble with retirement is you never get a day off.”– Abe Lemons.

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ASB steps up KiwiSaver advice

7 Apr 17 - NZ Herald: ASB says a change in the way the regulator views personalised financial advice has opened the door for it to provide more KiwiSaver advice.

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Cullen concerned over perpetual saving 'holidays'

7 Apr 17 - Stuff.co.nz: Cullen, who as Labour finance minister launched KiwiSaver in 2007, now calls the holiday rule a "kink" in the design of KiwiSaver.

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FMA's Colmar Brunton research

5 Apr 17 - FMA: The FMA commissioned Colmar Brunton to survey New Zealanders aged between 60 and 74 years, to find out their experiences of retirement and how information or advice has helped them manage their retirement savings. 

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Economist Bill Rosenberg runs the ruler over NZ Super cost predictions

5 Apr 17 - Interest.co.nz: Economist Bill Rosenberg runs the ruler over NZ Super cost predictions, and argues it's not as scary as we've been told; Calls for a proper debate on population policy.

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Anger at Superlife's KiwiSaver $100 'transfer' fee

31 Mar 17 - Stuff.co.nz: Sam Arora is taking a stand over his KiwiSaver provider's decision to charge him $100 to leave. Arora has his money invested with KiwiSaver provider SuperLife, but is considering shifting to rival provider Simplicity.

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Growing KiwiSaver balances mean people can't put off writing a Will

29 Mar 17 - Stuff.co.nz: Growing KiwiSaver balances could spell trouble for New Zealanders who do not have a will.It is estimated that more than half of all New Zealanders over the age of 18 have not yet drafted one.

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Many Kiwis have no idea how much income they need to retire

29 Mar 17 - Stuff.co.nz: KiwiSaver provider Kiwi Wealth found something odd when developing online tools to help people work out how much to save to get the retirement they want.

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Four KiwiSaver schemes yet to ditch weapons investments

27 Mar 17 - Radio New Zealand: Some KiwiSaver funds are still investing in banned weapons despite making promises to get rid of the holdings.

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Govt tells KiwiSaver providers to act quickly on weapons' investments

24 Mar 17 - NZ Herald: The government won't put a deadline on when it expects KiwiSaver providers to exit investments in banned weapons' makers instead insisting they should act as "quickly as possible."

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Kiwisaver: Some frequently asked questions

22 Mar 17 - NZ Herald:  This is the third and final instalment in a series of articles looking at the important assumptions and decisions one needs to make when forecasting what nest-egg one might achieve with a long-term investment plan using a KiwiSaver scheme.

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KiwiSaver transfer lags a concern

22 Mar 17 - Goodreturns: There are calls to streamline the process of transfers between KiwiSaver schemes, to reduce the burden on providers and members.Binu Paul, founder of SavvyKiwi, said there were problems with the current situation.

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Generate closes in on $400m, hires portfolio manager

20 Mar 17 - InvestmentNewsNZ: Auckland-headquartered boutique KiwiSaver scheme, Generate, has upsized its investment team with the appointment of Edward Glennie as senior portfolio manager.

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KiwiSaver growth up despite investment loss

20 Mar 17 - InvestmentNewsNZ: KiwiSaver funds under management (FUM) broke through the $38 billion level in the December quarter, fueled entirely by member contributions, according to the latest data from Australian research house Strategic Insight (SI).

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Brian Fallow probes National, Labour & NZ First's stances on superannuation

20 Mar 17 - Interest.co.nz: Brian Fallow probes National, Labour & NZ First's stances on superannuation and argues they are too relaxed about the snowballing costs. 

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House prices and household budgets

17 Mar 17 - Interest.co.nz: House prices may be at scary levels, but household budgets need to afford the rent, saving for a deposit, or a mortgage payment. And that is often a different story.

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Providers go on KiwiSaver guidance green light

13 Mar 17 - InvestmentNewsNZ: Several providers have already relaxed constraints on staff for giving KiwiSaver advice following the release of the regulator’s new guidance note last week, according to Liam Mason, Financial Market Authority (FMA) director regulation.

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KiwiSaver fees: You don't get what you pay for

13 Mar 17 - Stuff.co.nz: KiwiSaver members are being told to forget "you get what you pay for" - higher-fund fees do not deliver better returns. Research organisation Morningstar this month gave ASB its KiwiSaver prize in the Fund Manager of the Year awards.

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FMA criticised for compromising quality

10 Mar 17 - Interest.co.nz: The Financial Markets Authority (FMA) is being accused of bowing to banks’ interests as it attempts to give more people access to KiwiSaver advice.

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A guide to NZ Superannuation changes

8 Mar 17 - Stuff.co.nz: Superannuation has been reset. Prime Minister Bill English has announced that the age for state superannuation will rise up to 67 in gradual steps starting in 20 years time

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Household wealth is shrinking

8 Mar 17 - Interest.co.nz: Kiwis' debt continues to dwarf household disposable income while household wealth is shrinking as a percentage of household income. 

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Bill English on generational comparison

8 Mar 17 - Interest.co.nz: Comparing circumstances faced by different generations is unhelpful during the current national superannuation debate, Prime Minister Bill English says.

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Barriers removed to end KiwiSaver advice drought

8 Mar 17 - Stuff.co.nz: The FMA has released its updated guidance on sales and advice for KiwiSaver providers, which it hopes will give banks and other KiwiSaver providers the confidence to end a national KiwiSaver advice drought.

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Low-cost model better for advisers: Simplicity

6 Mar 17 - Goodreturns: Fund managers charging high fees for their products have kept a lid on what advisers can earn, Simplicity’s managing director said as the provider launched its first non-KiwiSaver funds.

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Dovish Reserve Bank says next OCR move could be a cut

3 Mar 17 - Stuff: Reserve Bank governor Graeme Wheeler has pushed back against calls for an interest rate hike, saying there was an even chance the next official cash rate (OCR)  could be lower.

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Women fall further behind in retirement savings race

3 Mar 17 - Stuff: Wanganui woman Rebecca Black is worried about what time out of the workforce is doing to her retirement savings. She and her husband recently tapped into their KiwiSaver accounts to buy a first house.

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Social impact bonds will one day be in your KiwiSaver

27 Feb 17 - Stuff.co.nz: The launch of the mental health social bond this week marked the birth of a new investment asset class in New Zealand which could one day appear in your KiwiSaver.

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New mathematical model could stop future financial crashes

27 Feb 17 - Massey University’s Professor Emeritus Graeme Wake and Professor Jeong-Hoon Kim from Yonsei University’s in South Korea have revisited the Black-Scholes model and re-formulated it to better cope with today’s markets. 

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Morningstar's 5 Favorite Foreign-Stock ETFs

27 Feb 17 - Morningstar: "These are some of our favorite exchange-traded funds for investors seeking to add or augment their portfolio's international-stock exposure."

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Cullen says it's time KiwiSaver fees fell

27 Feb 17 - Stuff.co.nz: KiwiSaver founder Sir Michael Cullen says it's time for fees to drop. "There is certainly space for KiwiSaver fees to start coming down now that so many of the funds have bulked up substantially," the former deputy prime minister said.

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APRA: superannuation changes hit contributions

24 Feb 17 - The Australian: The superannuation industry continues to be hit by the federal government’s tax and contribution changes with figures out yesterday from the Australian Prudential Regulation Authority showing a 19 per cent plunge in net contributions

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Lifetime eyes Australian QROPS opportunities

24 Feb 17 - SuperReview: New Zealand-based Lifetime Asset Management Limited has talked up the launch of its Garrison Bridge Superannuation Scheme in Australia at the same time as announcing former NZ Deputy Prime Minister, Sir Michael Cullen, had joined its board. 

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Simply Wall St launches in New Zealand

22 Feb 17 - Scoop press release: Simply Wall St, a popular fintech startup aiming to replace human stock brokers, has announced it is launching its services in Canada and New Zealand, as addition to the currently covered markets of US, UK and Australia.

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Cullen calls for annuities

22 Feb 17 - Goodreturns: Former deputy prime minister and finance minister Sir Michael Cullen says the need for an annuity provider to help KiwiSaver members manage their lump sums on retirement is another sign of the scheme’s success.

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Vanguard: 'actively management funds can achieve higher returns'

20 Feb 17 - Interest.co.nz; Vanguard's Dan Newhall makes the case that with the right criteria, investors in actively managed funds can achieve higher returns than market benchmarks.

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Treasury releases briefing papers to incoming Ministers

20 Feb 17 - Treasury: The Treasury has released its briefing to the incoming Minister of Finance together with related briefing documents for incoming Ministers.

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About us

The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand.

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Contact us

Ph: 021 0233  5414

Email: fsc@fsc.org.nz

PO Box 99581 Newmarket
 Auckland

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